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AgTech Australia and Oceania Automotive Electric Vehicle Manufacturing Software Transportation

Electric utility bike company Ubco scores $10M strategic investment with TPK

– New Zealand-based electric utility bike company Ubco announced a new strategic partnership with TPK Holdings, a Taiwanese electric components manufacturing company.
– As part of the agreement, TPK will be leading Ubco’s Series B with a $10 million investment, bringing the company’s total funding to $23 million.
– TPK will also bring the company significant supply chain support as well as scaling and manufacturing capabilities in the near future.
– At the initial stage of the partnership, TPK’s large network of global suppliers will help Ubco ramp up production of its flagship 2X2 electric utility bike, which comes in an off-road version geared for farmers and a city version geared for last-mile logistics.
– Ubco is also gearing up to release two new vehicles for which TPK will provide dedicated manufacturing support.

Apps Information Technology Logistics Mobile Apps North America Software Transportation

Clockwork Logistics Systems Raises $5.5M in Seed Funding

– Clockwork Logistics Systems, a Proof of Delivery (POD) data logistics platform based in Newark NJ, raised $5.5M in Seed funding.
– The round was led by Newtown Partners with participation from Newark Venture Partners, PSA UnboXed, Vineta Ventures and Estes Final Mile.
– The company intends to use the funds to expand operations and business reach.

Courier Service Delivery Delivery Service Logistics Same Day Delivery Transportation Western Europe

Borzo Raises $35M In Series C Funding

– Borzo (FKA Dostavista) is a Moscow, Russia-based crowdsourced same-day delivery service operating globally.
– The company raised $35M in Series C funding.
– Investors include Mubadala, VNV Global, RDIF and others.
– The new investment will be used to strengthen the company’s position on the international market under the Borzo brand and develop new products.

Car Sharing Internet Mobile Apps Ride Sharing Sharing Economy Sub-Saharan Africa Transportation Travel

Mobility startup Plentywaka picks up $1.2M seed, acquires Ghana’s Stabus

– Plentywaka, a mobility startup, raised $1.2m seed funding.
– The round was led by Canadian VC firm The Xchange and joined by SOSV, Shock Ventures, Techstars Toronto, Argentil Capital Partners, ODBA & Co Ventures, and angel investors.
– The company acquired Ghanaian mobility startup Stabus.

Automotive Electric Vehicle Energy Infrastructure North America Robotics Transportation

Ample raises $160M to scale its battery swapping service

– San Francisco-based Ample raised $160m Series C funding.
– The round was led by Moore Strategic Ventures with participation from PTT, a Thai state-owned oil and gas company, and Disruptive Innovation Fund.
– Existing investors Eneos, a Japanese petroleum and energy company, and Singapore’s public transit operator SMRT also participated.
– Ample’s total funding is now $230m.

Automotive Big Data Car Sharing Information Technology Latin America Rental Transportation

Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm

– São Paulo-based Kovi raised $104m in Series B funding.
– The round was led by Valor Capital Group and Prosus Ventures, and joined by Quona, Broadhaven Ventures, GFC, Monashees, UVC Investimentos, PIPO, Norte, Maya Capital and Globo Ventures.
– The company also recently closed on a $20m debt facility.
– It is not yet a unicorn, according to execs, who declined to reveal valuation.

Automotive Clean Energy Electric Vehicle North America Software Transportation

AmpUp Receives Investment From Goodyear Ventures

– AmpUp, a Cupertino, CA-based provider of electric vehicle (EV) charging solutions, received an investment from Goodyear (NASDAQ: GT)’s Goodyear Ventures.
– The amount of the deal was not disclosed.
– With operations across North America, AmpUp supports the EV driving community through their advanced charging network and software solutions.

Child Care Children Information Technology North America Ride Sharing Transportation

HopSkipDrive Collects $25M in Series C

– HopSkipDrive from San Francisco, a youth transportation solution, announced today that it raised $25M in Series C funding.
Energy Impact Partners, Keyframe Capital, FirstMark Capital, and 1776 Ventures participated in this round.
– HopSkipDrive currently operates in 16 major markets in nine states, contracting with 300+ schools, districts and government agencies.

Hospitality Southeast Asia Tourism Transportation Travel

Aviasales Raises $43M in Funding

– Aviasales from Moscow is a TravelTech company.
– Company raised $43m in funding.
– The round was led by Elbrus Capital Fund III and iTech Fund II.
– The new investment will be used to launch new products and further develop its corporate travel service, Travelpayouts, a global platform for automated affiliate marketing.

Artificial Intelligence Fleet Management Last Mile Transportation Logistics Mobile Apps North America Same Day Delivery Software Transportation

Metrobi Raises Seed Funding

– Metrobi, a Boston, MA-based tech-powered fulfillment solution for local food and beverage wholesale, raised a seed funding round of undisclosed amount.
– The round was led by with additional institutional funding from Techstars. Previous investors include Walnut Ventures, TBD Angels as well as notable angel investors.
– The company intends to use the funds to expand its solution into new markets and build additional technology for its customers.

Electric Vehicle Electronics Public Transportation Rental Transportation Western Europe

Micromobility startup Voi raises $45 million to end sidewalk riding, improve safety

– Micromobility startup Voi has raised $45m.
– The funding will be used to research and develop technology that will improve safety, keep users from riding on sidewalks and ensure scooters are properly parked.
– The company is also investing in its next-generation scooter.

Enterprise Software Transportation Travel Western Europe

Zeelo Raises $12M in Funding

– Zeelo from London is a smart commuter mobility platform for organizations.
– Company raised $12m in funding.
– The round was led by ETF Partners, with participation from InMotion Ventures and various angel investors including Neil Smith, Founder of Transit Systems.
– The company intends to use the funds to accelerate US, European and African expansion, as well as rolling out its technology platform as a SaaS solution to fleet operator partners.

Information Technology Internet Logistics Marine Technology Marine Transportation Sub-Saharan Africa Supply Chain Management Transportation

Nigerian digital freight provider MVX lands $1.3M to help shippers move cargoes faster

– MVX, a Nigerian-based digital freight company, raised $1.3m in seed funding.
– MVX raised money for its seed round from Africa-focused firms Kepple Africa, The Continent Venture Partners, Founders Factory, Launch Africa, and Capital Oak.
– Some angel investors in the U.S., Japan, Nigeria, and South Africa also participated.
– MVX plans to use the funding to expand its operations in Nigeria and other African countries.

Automotive Eastern Asia Freight Service Logistics Transportation

Inceptio Technology Raises US$270M in Series B Financing

– Inceptio Technology is a Shangai, China-based autonomous driving truck technology and operating company.
– Company closed a US$270m Series B equity financing.
– The round was led by JD Logistics (02618.HK), Meituan (03690.HK), and PAG with participation from Deppon Express (603056.SH), IDG Capital, CMB International, SDIC, Mirae Asset, Eight Roads, and Broad Vision Funds, as well as existing shareholders GLP Hidden Hill Capital, CATL (300750.SZ), NIO Capital and Eastern Bell Capital.
– The company intends to use the funds to accelerate the development of its self-developed full-stack autonomous driving system “Xuanyuan”, and speed up its deployment in electrification.

Automotive Electric Vehicle Manufacturing North America Transportation

Amazon leads $2.5B funding round in Rivian, maker of the tech giant’s future electric delivery vans

Amazon is pouring more money into Rivian, as the electric vehicle maker announced that the tech giant was among lead investors in a $2.5 billion financing round.
Amazon made the investment through its Climate Pledge Fund, which is aimed at backing companies that accelerate Amazon’s pledge to be net zero carbon across its businesses by 2040.
– The company previously backed Rivian in 2019 in rounds of $700 million and $1.3 billion, and it’s planning to buy 100,000 electric vans from the automaker for its delivery fleet.
Amazon said last October that it will have 10,000 custom electric delivery vehicles on the road as early as 2022, and all 100,000 by 2030.

Information Services Internet Logistics South Asia Supply Chain Management Transportation

India’s BlackBuck valued at $1 billion in $67 million fundraise

– BlackBuck, a freight and logistics startup, raised $67m in Series E funding.
– The round was led by Tribe Capital, IFC Emerging Asia Fund and VEF.
– It brings the startup to a valuation of $1.02bn.
– The startup has developed a simplified app for truck drivers in India, who are typically not very literate, to help them accept work and easily navigate to their destination using Google Maps.
– On the client side, businesses can fire up a similar app to place orders.

SaaS Software Transportation Western Europe

Norway’s electric car subscription service imove closes $22.3M Series A led by AutoScout24

– imove, a Norwegian startup, raised $22.3m in Series A funding.
– The round was led by AutoScout24 and joined by Norselab, Idekapital, Nysnø, and Hedin Automotive.
– The company offers white-label platform for car subscription services.

Logistics Transportation Western Europe

Trucksters Closes $6.3M in Series A Funding

– Trucksters, a Madrid, Spain-based freight transport operator, raised €6.3M in Series A funding.
– The round was led by Kibo Ventures, with participation from Amplifier and Bonsai Partners.
– The company intends to use the funds for international expansion, building its presence in Benelux, Germany, and Poland, offering a wider range of routes to their existing and future clients, and growth of the team.

Apps North America Software Transportation

Micromobility operator Veo raises $16M to fund US expansion

– Veo, a shared micromobility operator, raised $16m in Series A funding.
– The funding round was led by Autotech Ventures, with participation from UP Partners, FJ Labs and Interplay Ventures.
– The company plans to expand its fleet and focus on developing city and community partnerships.

Logistics South Asia Transportation

Vahak Raises $5.3M in Pre-Series A Funding

– Vahak is an Indian marketplace for road transport businesses and individual commercial vehicle owners.
– The company raised $5.3m in pre-Series A funding.
– The round was led by RTP Global with participation from Luxor Capital and Leo Capital with participation from Kunal Shah, Founder and CEO, Cred; Jitendra Gupta, Founder and CEO, Jupiter; Vidit Aatrey and Sanjeev Barnwal, Co-Founders, Meesho; Mohd Farid, Co-Founder, Sharechat; Amrish Rau, CEO, Pine Labs; Harsimarbir Singh, Co-Founder, Pristyn Care; Rohit and Kunal Bahl, Co-Founders, Snapdeal; and Ravish Naresh, Co-Founder and CEO, Khatabook.
– The company intends to use the funds to strengthen the team and technological capabilities, as well as to expand its customer and network base.

Automotive Autonomous Vehicles North America Software Transportation

Ghost Pulls In $100M Series D Round

– Ghost has announced the closing of a $100m Series D financing.
– Returning investors Sutter Hill Ventures and Founders Fund participated in the round, along with a new commitment from Coatue.
– The financing is fueling the development of its autonomous driving system that features a revolutionary breakthrough in crash prevention.

Air Transportation Artificial Intelligence Latin America Logistics Marine Transportation Software Transportation

Nowports raises $16M to build the OS for LatAm’s shipping industry

– Nowports, an automated digital freight forwarder in Latin America, has raised $16m in Series A funding.
Mouro Capital led the round for the Monterrey, Mexico-based startup.
Foundation Capital also participated in the financing, which included participation from existing backers Broadhaven Ventures, InvestoVC, Monashees, Base10 Partners and Y Combinator.
– A number of angels also put money in the round, including founder Ricardo Weder, Carlos Salinas from Luuna and Tinder co-founder Justin Mateen.
– The investment brings Nowports’ total raised since its 2018 inception to over $24m.

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